Remove the Ban on agency fees and set a cap for fees instead.

May 05 2017

Remove the Ban on agency fees and set a cap for fees instead.

Remove the Ban on agency fees and set a cap for fees instead.

So, this petition is now closed. It achieved almost three quarters of the required signatures for it to be progressed to the next stage.

It failed to reach the required number, is this down to lack awareness of the petition or do people genuinely want a ban on agency fees. If so who are those people? Certainly, not the majority of letting agents if any at all.

The questioned ask was is it unfair for small businesses to survive with the ban, especially with the increase in online estate agencies? Would any ban make it extremely difficult for a traditional letting agent to be able to cover their operating costs? Would any ban result in additional costs being passed onto landlords who would in turn pass these on to their tenants.

Or would the ban sort out the men from the boys, law of the jungle and only the strong will survive. However, in our society having healthy competition is good for all concerned.

 

Is it unfair that any ban does not take into account how agents then pay for referencing, staff for viewings, Company cars, membership of professional bodies to regulated Fair trade, subscription for property portals. I am sure the list could go on and on.

Would a cap be a better alternative driving agencies to be more efficient in their operations?

Even though this petition has now closed it would be really good to get your thoughts?

4 Comments
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4 Comments
  • Strongly disagree with ban
    Happy with a cap at a reasonable figure
    The ban will force staff and overhead cuts within my business
    Completely unreasonable for government to just take this slice of turnover from a business, quite unbelievable it’s even allowed to do this
    These fees cover genuine and valuable services provided to tenants
    Tenants will pay for this in another way it’s a pointless and damaging exercise
    Our landlords already discussing rent increases for the new taxes and now this will only increase that pressure to force rents up

    5th May 2017 at 12:01 pm
  • P HALL
    Reply

    i HAVE JUST USED AN ONLINE AGENCY FOR THE FIRST TIME, WHAT A PLEASURE.THE REPLIES WERE SCREENED BY MYSELF, THE TENANTS WERE INTERVIEWED OVER THE PHONE……..THE “NO HOPERS” REJECTED
    THERE WAS HONESTY AND TRUTH AND COMPETENCE….MINE INVOLVED . THERE WAS NO CASUAL ATTITUDE TOWARD REFERENCING THE TRUTH WAS THERE , NO PULLING THE WOOL OVER DODGY TENANTS ………..NO TIME WAS WASTED .
    NO DUCKING AND DIVING OVER VASTLY INFLATED REFERENCING CHARGES

    HAPPY TENANT THRILLED LANDLORD

    PREVIOUS AGENT WAS TOTALLY USELESS DID NOT PUBLISH FEES AND UNAWARE OF RULES

    5th May 2017 at 12:09 pm
  • Phillip Andrew Brazier
    Reply

    I was unaware of the petition and would have supported a cap but not the banning of fees. It is ridiculous that a business can not cover some of its basic costs is establishing a tenancy. Without some tenant fees an agent may have to do several viewings, reference checks etc. before finding a suitable tenant. It could then take all the management fees for the period of the tenancy just to cover the initial costs of letting a property. Along with removing tax relief on interest payments, increases in Stamp Duty and all the other legislative burdens the government is putting on agents and landlords they are showing a complete lack of understanding that eventually all these increases in costs have to go to driving up rents so hitting the poorest in society or making it harder for those using rental to save a deposit to buy to achieve their goals. There must be an agenda to drive independent landlords out of the market in favour of corporate landlords. Strange, as many people who get into renting are looking to secure an income and pension. You would think these would be people a Tory government would be keen to support. Not that I agree with it but having a million or more landlords with a rental income in retirement could open the possibility later down the line of means testing the state pension which could take pressure of the system. Bad policies and poor long term planning.

    5th May 2017 at 12:12 pm
  • Tenants have many options to find a place as there are many newspapers, websites for lettings where they choose or contact landlords directly. Letting agencies bare cost of advertising, erecting boards, paper work..etc and they are not the only option.
    I think its the time to but an end to housing benefit incompetence. Blackpool Council delays payment for up to 3months. There should a limit for these delays not acceding 4 weeks otherwise they should be subject to charges and penalties.
    If we (as landlords) delayed any payments the whole world turns upside down.
    I personally stopped taking tenant on Benefits, as getting the rent paid on time is more like wishful hope..

    5th May 2017 at 1:26 pm

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